According to the business analysis report titled ‘India Outbound MICE Tourism Market: Focus on MICE Trips, Spending, 30 Countries Data, Insights, Analysis, Opportunities, Growth Potential and Forecasts to 2026’, available with MarketStudyReport, India outbound MICE tourism market is expected to exceed USD 11 Bn by 2026.
 

Increasing number of corporate industries, government initiatives to promote SMEs, rapid urbanization, industrial growth, infrastructural development, and continuous technological advancements are the major growth propellers for India outbound MICE tourism market.
 

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For the uninitiated MICE tourism refers to Meetings, Incentives, Conferences and Exhibitions, an upcoming industry that focuses on bringing top professionals across all sectors in business to an improved and customized hospitality setting.
 

Apart from the drivers and opportunities the research literature also focuses on challenges that may arise in the current landscape as well as the future while divulging solutions for the same. Furthermore, it analyses future developments in the tourism industry the spending capacity of tourists, tourism flow and major tourist destination industries.
 

The India outbound MICE tourism business report entails insights pertaining to outbound MICE tourism to 30 countries, including United States, Japan, China, Thailand, New-Zealand, Taiwan, Singapore, Australia, Sri Lanka, Nepal, Canada, Mauritius, Cambodia, Bahrain, Oman, Turkey, Qatar, Myanmar, Malaysia, Philippines, United Arab Emirates (UAE), Egypt, Kuwait, Saudi Arabia, Switzerland, Germany, United Kingdom, Netherlands, Italy and France. This country- specific analysis covers aspects such as Indian outbound MICE travelers’ visitation and spending per nation, along with the future outlook in detail.
 

The India outbound MICE tourism market report helps the stakeholders understand key concepts with regards to current size of the market as well as its future valuation, countries that host the highest numbers of Indian MICE tourists, and the overall market behavior and evolution during the forecast period of 2020-2026